Shreeji Shipping Global reports a strong start to FY27 with a 19% profit increase and revenue growth of nearly 30%, signalling a shift towards broader maritime logistics and fleet expansion amid rising port traffic in India.
Shreeji Shipping Global has started FY27 with a stronger quarter, as profit rose 19% year on year to ₹44.29 crore and revenue from operations climbed 29.6% to ₹208.85 crore, according to the company’s latest results. The figures point to continued momentum in the dry-bulk logistics business, but the larger story is Shreeji’s shift from a port-handling operator into a broader maritime logistics group. The company is widening its reach beyond the West Coast, adding vessels and moving further into coastal cargo movement.
The latest quarter also showed the cost pressure that comes with that expansion. Operating service expenses increased faster than sales, while depreciation rose as the asset base grew. Shreeji said higher diesel prices weighed on margins, even as finance costs eased. For FY26, the company had already posted a 21.45% rise in revenue to ₹709.38 crore and a 6.07% increase in net profit to ₹152.70 crore, underscoring the scale of the business entering the new financial year.
That growth is being driven by fleet expansion. During the quarter, Shreeji added five mini bulk carriers and has more vessels under development. The company also has ₹251.18 crore of IPO proceeds still available for the planned purchase of Supramax dry-bulk carriers, giving it room to expand owned capacity without an immediate new equity raise. In FY26, it had already increased its fleet to 63 self-propelled barges, 13 mini bulk carriers, nine floating cranes and 11 tugs, while also entering coastal cargo movement.
The investment case now hinges on utilisation. Shreeji says its integrated model, which combines cargo handling, lighterage, vessel chartering, transportation and equipment rentals, allows it to earn across several parts of the logistics chain. That model should benefit from India’s rising port and coastal traffic, with major ports handling a record 915.17 million tonnes of cargo in FY26, according to industry data. The company also removed a ₹49 crore corporate guarantee during the quarter, and a further ₹125 crore reduction took effect in July 2026, easing one balance-sheet concern as it pushes ahead with expansion.
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